In the meantime, the company's depressed stock price appears to be drawing it ever closer to creating additional spinoffs along the lines of the new shares AT&T issued earlier this year to track the wireless unit.
Further, these individuals provide connections to other contacts who, in turn, provide additional spinoff-enabling resources and contacts.
It's going to take good news on revenue or structural shock treatment, like some spinoffs or additional tracking stocks, to unlock the hidden value.
Activist investors would face impossible headwinds campaigning for spinoffs with the specter of additional tax working against them.
A.I.G. is expected to make additional business changes in the near term, including a potential spinoff of its large aircraft leasing business.
The spinoff let CBS use Infinity stock to buy additional radio stations and outdoor advertising companies, notably Outdoor Systems, which it bought for $6.5 billion.
Some analysts suggested that the offering price was below the expected range because investors were disappointed that Jackson Hewitt would not receive any proceeds from the spinoff unless underwriters exercised their option to purchase additional shares.
"You need additional resources to fan out and cover these investigations that may be spinoffs, with the potential of other bribes being paid".
The investment banks that managed the Nov. 21 initial public offering of Telefonica Moviles S.A., the mobile-phone spinoff of Telefonica S.A., Spain's dominant phone company, allowed their option to buy an additional 45 million shares to expire unexercised.
ACX Technologies, the Adolph Coors Co. packaging spinoff, killed a highly touted biodegradable plastics venture, Chronopol, last fall after deciding that it would take at least an additional $100 million to build a full-scale plant and sell the stuff commercially.
